Kinross Gold Co. (NYSE:KGC) Holdings Boosted by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Kinross Gold Co. (NYSE:KGC - Free Report) TSE: K by 130.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 395,305 shares of the mining company's stock after purchasing an additional 223,641 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Kinross Gold were worth $3,703,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC acquired a new stake in Kinross Gold in the second quarter valued at approximately $40,000. Fifth Third Bancorp raised its holdings in Kinross Gold by 3,524.4% during the second quarter. Fifth Third Bancorp now owns 9,641 shares of the mining company's stock worth $80,000 after purchasing an additional 9,375 shares in the last quarter. Blue Trust Inc. raised its holdings in Kinross Gold by 113.1% during the second quarter. Blue Trust Inc. now owns 11,327 shares of the mining company's stock worth $94,000 after purchasing an additional 6,011 shares in the last quarter. Corundum Trust Company INC acquired a new stake in Kinross Gold during the 3rd quarter worth $94,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in shares of Kinross Gold during the third quarter worth about $94,000. Hedge funds and other institutional investors own 63.69% of the company's stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Jefferies Financial Group lifted their price target on Kinross Gold from $9.00 to $10.00 and gave the stock a "hold" rating in a research report on Friday, October 4th. StockNews.com raised Kinross Gold from a "buy" rating to a "strong-buy" rating in a report on Saturday, November 9th. Finally, Scotiabank boosted their target price on Kinross Gold from $9.50 to $11.00 and gave the company a "sector outperform" rating in a report on Monday, August 19th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $11.13.

Kinross Gold Stock Up 0.2 %

KGC stock traded up $0.02 during trading on Wednesday, reaching $9.94. The stock had a trading volume of 15,056,592 shares, compared to its average volume of 15,505,691. Kinross Gold Co. has a 1-year low of $4.75 and a 1-year high of $10.82. The company has a current ratio of 1.61, a quick ratio of 0.63 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $12.22 billion, a P/E ratio of 16.30, a PEG ratio of 0.43 and a beta of 1.21. The firm has a fifty day moving average price of $9.93 and a 200 day moving average price of $9.05.

Kinross Gold (NYSE:KGC - Get Free Report) TSE: K last issued its earnings results on Tuesday, November 5th. The mining company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.05. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.32 billion. Kinross Gold had a net margin of 15.23% and a return on equity of 11.49%. The company's revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 EPS. On average, equities analysts anticipate that Kinross Gold Co. will post 0.7 earnings per share for the current year.

Kinross Gold Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 28th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Wednesday, November 27th. Kinross Gold's dividend payout ratio (DPR) is 19.67%.

About Kinross Gold

Kinross Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of gold properties principally in the United States, Brazil, Chile, Canada, and Mauritania. The company operates the Fort Knox mine and the Manh Choh project in Alaska, as well as the Round Mountain and the Bald Mountain mines in Nevada, the United States; the Paracatu mine in Brazil; the La Coipa and the Lobo-Marte project in Chile; the Tasiast mine in Mauritania; and the Great Bear project in Canada.